ProFrac Holding Corp. (ACDC) Reports Q2 Loss, Tops Revenue Estimates
ProFrac Holding Corp. reported a second-quarter loss of $0.44 per share, versus the Zacks Consensus Estimate of a $0.29 loss and a loss of $0.67 per share a year ago. The company topped revenue estimates for the quarter.
Why it matters — The reported loss came in wider than analysts expected, though it improved from the year-ago period and revenue beat estimates, giving ProFrac watchers a mixed view of quarterly performance.